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Stifel Offers Updates On Best Ideas In Gaming & Leisure

The rest of 2016 could be a wild ride for gaming & leisure investors, but a number of stocks in the space may still have significant upside ahead. According to Stifel analyst Steven Wierczynski, gaming & leisure stocks will likely continue to be unpredictable and volatile.

Gaming Group

Macau investors got some good news earlier this month when total gross gaming revenue growth crossed back into positive territory for the first time in 26 months. However, Wierczynski is expecting numbers out of Macau to be inconsistent, as the market digests the opening of a series of new resorts.

“Overall, we continue to like the Macau market’s longer-term growth potential; however, we believe there will be considerable month-to-month gyrations in the market’s underlying fundamentals until all of the new supply is fully absorbed,” he explained.